Multi-Tenant Small-Bay Industrial Investment Portfolio — Sale in Harvey, IL

Price: Contact for price
Listing type: For sale
Asset type: Industrial Property
Location: Harvey, IL 60426
Year built: 1973

Photos

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Investment Figures

Cap rate: 7.30%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present for sale the fee-simple interest of a five-building, four-property small bay industrial portfolio located in the south suburbs of Chicago. The entire portfolio consists of 166,400 square feet of small bay industrial space and is currently 81.61% occupied by a wide range of tenants, most of whom are on short-term leases with modified gross reimbursement structures that present investors with a mark-to-market opportunity. Combined, the four assets offer investors the opportunity to acquire at scale with a value-add component through the lease up of 16802-16888 Lathrop Avenue and mark-to-market opportunities with short-term leases across the entire portfolio. Investment Highlights: • Small Bay Multi-Tenant Industrial Portfolio Acquisition Opportunity • Low Basis Offering of $42.07 Per Square Foot • Mark-to-Market Opportunity | Average Lease Rate of $8.91 Per Square Foot (Modified Gross) • Current WALT of 1.63 Years • Functional Small Bay Unit Sizes • In-Fill Chicagoland Location | Over One Million Population within 10-Mile Radius

Market Context

This industrial in Harvey, IL is listed for sale. It is offered at an approximate 7.3% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1973. Compare it against other industrial listings for sale in Harvey, IL — view the full market.

As of Q2 2026, the Chicago industrial market showed a 5.3% vacancy rate, and rents up 7.4% year over year. Source: multiple brokerage reports, Q2 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Industrial market FAQ

Is the Chicago industrial market tightening or softening?: Vacancy is around 5.3%, with asking rents rising year over year (Q2 2026).

Estimated Price per SF

$36.69/SF – $266.83/SF

Mid: $111.18/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.